"It's been a long time coming," said Afobe. "I'm not saying I'm the finished article or the best that I'll ever be, because I know that I've got a lot to work on."

Bournemouth boss Eddie Howe said Afobe would "bring strength, power and hopefully goals", while the Cherries' chief executive Neill Blake said that his "outstanding progress" has been "difficult to miss".

Wolves turned down offers from Norwich for Afobe in the summer, but the club "reluctantly" accepted a bid from the Cherries on Saturday.

"Benik has regularly re-stated his desire to leave Wolves and to test himself in the top flight at the earliest opportunity," read a Wolves statement. "Faced with this difficult situation, and with circumstances now changed, Wolves were left with little other option than to reluctantly accept the substantial bid."

The fee Wolves received is the club's biggest since they sold Steven Fletcher to Sunderland for £14m following relegation from the Premier League in 2012.